Brazil’s domestic flat-rolled steel prices fall on weak demand, currency issues

Brazil's domestic flat-rolled steel prices dropped in early June due to weak demand and currency volatility in the country.

Flat-rolled steel producers have been open to negotiate prices, backpedaling on recently announced increases in order to keep volumes flowing during a time of weak economic performance. Fastmarkets' monthly assessment of the Brazilian domestic hot-rolled coil price fell to 2,517-2,565 Reais ($649-661) per tonne ex-works on Friday June 7 from...

Published

Felipe Peroni

June 10, 2019

22:18 GMT

São Paulo